Certificates of Deposit (CDs)
Everybody loves dessert. That's why we let you have your cake and eat it too. Our CDs earn greater rates than a savings account. But unlike other banks, we provide an option that lets you withdraw funds once per quarter if you need them.
So cash in on investment-level earning without any risk. Choose a fixed rate that is guaranteed for the term, or a variable rate that allows withdrawals. Either way, the funds are FDIC insured.
- Summary
- Earns greater rate than regular savings
- Terms from 3 months to 5 years
- Fixed rate option
- Rate locked for length of term
- Interest penalty for early withdrawal
- Variable rate option
- Can capitalize on market rate increases
- Allows unlimited deposits
- One penalty-free withdrawal per quarter
- Interest penalty for additional withdrawals
- $1,000 minimum deposit to open
- FDIC insured
